Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.19%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.03%
baseline attrition
Rally response
+3.81%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $274M | 5.7% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $245M | 5.1% | — | 0.5 yr |
| ARMKAramark | $245M | 5.1% | — | 0.5 yr |
| TSMTaiwan Semiconductor Man | $217M | 4.5% | — | 0.5 yr |
| NVDANVIDIA Corporation | $213M | 4.5% | — | 0.5 yr |
| SHELShell plc | $205M | 4.3% | — | 0.5 yr |
| GOOGAlphabet Inc. | $179M | 3.8% | — | 0.5 yr |
| INTUIntuit Inc. | $165M | 3.4% | — | 0.5 yr |
| BACBank of America Corporat | $156M | 3.3% | — | 0.5 yr |
| NGGNational Grid plc | $150M | 3.1% | — | 0.5 yr |
| CCICrown Castle Inc. | $147M | 3.1% | — | 0.5 yr |
| BSXBoston Scientific Corpor | $139M | 2.9% | — | 0.5 yr |
| AAPLApple Inc. | $137M | 2.9% | — | 0.5 yr |
| METAMeta Platforms, Inc. | $129M | 2.7% | — | 0.5 yr |
| AMTAmerican Tower Corporati | $107M | 2.2% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.4%$642M
Internet Content & Information6.5%$308M
Software - Application5.8%$276M
Software - Infrastructure5.7%$274M
REIT - Specialty5.6%$267M
Regulated Electric5.3%$251M
Oil & Gas Integrated5.2%$247M
Specialty Retail5.1%$245M
Specialty Business Services5.1%$245M
Banks - Diversified4.4%$211M
Country
US83.8%
GB9.7%
TW4.5%
IE1.2%
Unknown0.7%
CA0.1%
Top 5: 25.0% · Top 10: 42.9% · Top 25: 74.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SHEL Shell plc | +$115M |
| INTU Intuit Inc. | +$91M |
| BSX Boston Scientific Corporation | +$88M |
| COP ConocoPhillipsnew | +$87M |
| NVDA NVIDIA Corporation | +$80M |
| TSM Taiwan Semiconductor Manufactu | +$50M |
| META Meta Platforms, Inc. | +$47M |
| ARMK Aramark | +$46M |
| TMO Thermo Fisher Scientific Inc. | +$40M |
| PLD Prologis, Inc. | +$37M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$99M |
| CCL Carnival Corporation & plcexit | −$85M |
| NEM Newmont Corporation | −$63M |
| NGG National Grid plc | −$50M |
| BAC Bank of America Corporation | −$47M |
| RIO Rio Tinto Group | −$46M |
| SPGI S&P Global Inc. | −$46M |
| APG APi Group Corporation | −$43M |
| DUK Duke Energy Corporation | −$37M |
| XPO XPO Logistics, Inc.exit | −$35M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.77B | 75 | -5.80% | -4.37% | -1.43% | -0.02B |
| 2025-12-31 | $5.09B | 76 | — | — | — | — |